About Us > Corporate Milestones
2012
30 October:
- Mineral Resource and Ore Reserve Statement for 2012 published
4 September:
- Increased Resources at Tor Uluala Deposit
24 August:
- Completion of US$100M Share Placing
24 July:
- First gold and silver bullion produced at Martabe
- Formal signing ceremony for transfer of 5% of the mine to the regional governments
6 February:
- Commence of the first phase of commissioning
14 January:
- Grand opening of the Administration Building (“Sopo Nauli”) at Martabe site
2011
5 December:
- US$100 million standby loan agreement signed
27 October:
- A first Resource for the Horas gold and silver Deposit at Martabe
14 October:
- Refining contract signed for Martabe’s gold and silver bullion
5 September:
- A first Resource for the Tor Uluala Deposit added to the Martabe Resource base
Mid-August:
- First gold ore mined at the Purnama pit of the Martabe site
3 August:
- US$213 million placement completed
25 July:
- A first Resource for the Purnama Timur Deposit added to the Martabe Resource base
11 May:
- G-Resources upgraded Martabe ore reserves with the delineation of the Ramba Joring Deposit
14 February:
- Outstanding drill results from the Tor Uluala Deposit announced
2010
13 December:
- G-Resources discovered new gold mineralised zone at the Horas Prospect
28 October:
- Martabe mineral Resource updated with the inclusion of the Ramba Joring Deposit
6 September:
- G-Resources completed Ramba Joring drill program with outstanding results
26 July:
- PT Leighton Contractors Indonesia, a subsidiary of Leighton Holdings, is selected as mining contractor for the Martabe Project
12 July:
- Continued exploration at Martabe shows 62 out of 84 drill holes returning significant gold intersections
12 May:
- G-Resources added to Morgan Stanley Capital International Hong Kong Small Cap Index
31 March:
- Addition of Barani Reserve increases total gold reserves to 2.7 Moz
8 March:
- G-Resources becomes constituent member of Hang Seng Composite Index, Hang Seng Composite Industry Index (Information Technology) and Hang Seng Composite Small Cap Index
2009
29 December:
- Power contract for nine years signed with PT PLN (Persero), Indonesia’s primary power provider, for Martabe Gold and Silver project
6 November:
- Plant Site Bulk Earthworks contract with PT Thiess Contractors Indonesia signed
20 October:
- New ore reserve statement of Pit 1 Deposit at Martabe announced – substantially increasing gold reserves by 12% to 2.49 Moz
25 August:
- Ausenco Services Pty Ltd, a global engineering contractor, appointed as the main contractor for Martabe Gold and Silver project
19 August:
- Mr Chiu Tao appointed as Chairman of G-Resources
- Mr Owen L Hegarty appointed as Vice-Chairman of G-Resources
22 July:
- Mr Or Ching Fai, former Vice-Chairman and Chief Executive Officer of Hang Seng Bank, appointed as Independent Non-Executive Director, Vice-Chairman of G-Resources, and also Chairman of the Audit and Remuneration Committees
- Mr Chiu Tao, Mr Peter Geoffrey Albert and Mr Ma Xiao appointed as Executive Directors of G-Resources
3 July:
- Acquisition of Martabe Gold and Silver project in Indonesia completed
- 12.97 billion new shares placed; almost US$600 million raised for Martabe Project
3 June:
- Change of Company name to “G-Resources Group Limited”
13 May:
- Acquisition of Martabe Gold and Silver project in Indonesia announced
- Morgan Stanley & Co. International appointed as placing agent for subscription of up to 13 billion new shares
- Mr Owen L Hegarty appointed Executive Director of the Company